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Silicom: 2Q Earnings Snapshot

July 25, 2019

KFAR-SAVA, Israel (AP) _ Silicom Ltd. (SILC) on Thursday reported second-quarter earnings of $2.3 million.

The Kfar-Sava, Israel-based company said it had profit of 30 cents per share. Earnings, adjusted for non-recurring costs, came to 38 cents per share.

The provider of servers and network computing appliances posted revenue of $25.4 million in the period.

For the current quarter ending in October, Silicom said it expects revenue in the range of $24 million to $25 million.

Silicom shares have declined 14% since the beginning of the year. The stock has dropped 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SILC at https://www.zacks.com/ap/SILC

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